Kekst CNC is working Japan's Softbank Group's $40B stock and cash deal to merge its UK-based Arm Limited unit into Nvidia Corp., a transaction the Wall Street Journal calls “one of the largest semiconductor takeovers ever.”
Nvidia, which is headquartered in Santa Clara, CA, says the acquisition joins its world-class AI computer platform with Arm’s ecosystem to “create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets.”
The deal will expand Nvidia’s graphic processors used for videogames into markets such as smartphones, PCs, self-driving cars and robotics.
“In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people,” said Nvidia CEO/founder Jensen Huang. “The combination will create a company fabulously positioned for the age of AI.”
Softbank, which bought Arm for $32B four years ago, is expected to own less than 10 percent of Nvidia once the deal is finalized.
Kekst CNC’s Jeremy Fielding and Richard Campbell are fielding media calls for Softbank. Publicis Groupe owns Kekst CNC.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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